Required A Required BConstruct the master budget for the period.BENTLER ASSOCIATESMaster BudgetSales volumeSales revenueVariable costs:ManufacturingMarketing and administrativeContribution marginFixed costsManufacturingMarketing and administrativeOperating profit$00units+Required B > The following are the actual results for Bentler Associates for the most recent period:Sales volumeSales revenueVariable costsManufacturingMarketing and administrativeContribution margin:Fixed costsManufacturingMarketing and administrativeOperating profit72,160 unitsRequired:a. Construct the master budget for the periodb. Prepare a profit variance analysis$ 938,080230,00039,050$668,950421,700103,950$ 143,300The company planned to produce and sell 82,000 units for $12.50 each. At that volume, the contribution margin would have been$728.000 Variable marketing and administrative costs are budgeted at 5 percent of sales revenue Manufacturing fixed costs areestimated at $5 per unit at the budgeted volume of 82,000 units Management notes, "We budget an operating profit of $2.50 per unitat the budgeted volume"4

It is the variance report prepared by the management that reflects the difference between the result…

The following are the actual results for Bentler Associates for the most recent period: 72,160 units Sales volume Sales revenue Variable costs Manufacturing Marketing and administrative Contribution margin Fixed costs Manufacturing Marketing and administrative Operating profit $ 938,080 Required: a. Construct the master budget for the period. b. Prepare a profit vanance analysis. 230,080 39,050 1668,950 421,700 101,950 $ 143,300 The company planned to produce and sell 82,000 units for $12.50 each. At that volume, the contribution margin would have been $728.000 Variable marketing and administrative costs are budgeted at 5 percent of sales revenue Manufacturing fixed costs are estimated at $5 per unit at the budgeted volume of 82,000 units Management notes, "We budget an operating profit of $2.50 per unit at the budgeted volume" 4

The following are the actual results for Bentler Associates for the most recent period: 72,160 units Sales volume Sales revenue Variable costs Manufacturing Marketing and administrative Contribution margin Fixed costs Manufacturing Marketing and administrative Operating profit $ 938,080 Required: a. Construct the master budget for the period. b. Prepare a profit vanance analysis. 230,080 39,050 1668,950 421,700 101,950 $ 143,300 The company planned to produce and sell 82,000 units for $12.50 each. At that volume, the contribution margin would have been $728.000 Variable marketing and administrative costs are budgeted at 5 percent of sales revenue Manufacturing fixed costs are estimated at $5 per unit at the budgeted volume of 82,000 units Management notes, "We budget an operating profit of $2.50 per unit at the budgeted volume" 4

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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